Stratos Renewables Corp. (SRNW.OB) Secures Approval to Produce Up to 90 Million Gallons of Sugarcane Ethanol per Year
Today before the bell, Stratos Renewables announced that it has signed land agreements to secure enough land in the northern coastal region of Peru to produce up to 90 million gallons of sugarcane-based ethanol each year. The company plans to use the land for sugarcane cultivation, milling and distillation into ethanol. These strategic agreements provide Stratos with land that has historically achieved some of the highest yields of sugarcane in the world. Peru’s agricultural climate conditions and rich soil allow year-round sugarcane harvesting and high yields. The advantageous position of the country also provides low transportation costs for export and…